# Mylo funding: rounds and investors

> Mylo has raised $40M across 3 rounds since 2019. Investors include National Bank of Canada, Xiaomi and Desjardins Venture Capital. Every round with its source.

Source: https://millionrounds.com/company/mylo (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Mylo*

3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Consumer Goods Fintech Insurtech

Funding summary Updated 26 Oct 2026

**$40M** raised across 3 rounds since 2019, from 3 sources

**$28M** Series A **$10M** Round **$2.0M** Series B

- **Latest round:** Series B, $2.0M Jul 2024
- **Biggest round:** $28M Series A · Jan 2019
- **Investors:** 7 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024

**$28M** Series A

**$10M** Round

**$2.0M** Series B

- **First round:** Series A, $28M
- **Biggest round:** $28M
- **Usual gap between rounds:** 4.7 years

## The rounds

- **Jul 2024** Series B **$2.0M** *2 new* [Xiaomi](https://millionrounds.com/fund/xiaomi) [Alteria Capital](https://millionrounds.com/fund/alteria-capital) Source recorded
- **Nov 2019** Round **$10M** *4 new* [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Lead [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) [Ferst Capital Partners](https://millionrounds.com/fund/ferst-capital-partners-fcp) [Tactico](https://millionrounds.com/fund/tactico-inc) Reported by Newswire
- **Jan 2019** Series A **$28M** *1 new* [Guggenheim Partners](https://millionrounds.com/fund/guggenheim-partners) Reported by FinSMEs SEC filing: $28M sold, first sale Dec 2018

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Round** 2019 **Series B** 2024 [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) L [Xiaomi](https://millionrounds.com/fund/xiaomi) [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) [Alteria Capital](https://millionrounds.com/fund/alteria-capital) [Guggenheim Partners](https://millionrounds.com/fund/guggenheim-partners) [Ferst Capital Partners](https://millionrounds.com/fund/ferst-capital-partners-fcp) [Tactico](https://millionrounds.com/fund/tactico-inc)

## Everyone who backed them

[National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Private equity **1** round, led 1

[Xiaomi](https://millionrounds.com/fund/xiaomi) Investment firm **1** round

[Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) Government **1** round

[Alteria Capital](https://millionrounds.com/fund/alteria-capital) Venture debt **1** round

[Guggenheim Partners](https://millionrounds.com/fund/guggenheim-partners) VC firm **1** round

[Ferst Capital Partners](https://millionrounds.com/fund/ferst-capital-partners-fcp) VC firm **1** round

[Tactico](https://millionrounds.com/fund/tactico-inc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mylo).

## Quick answers about Mylo

### Who invested in Mylo?

Mylo's investors include National Bank of Canada, Xiaomi, Desjardins Venture Capital, Alteria Capital and Guggenheim Partners, and 2 more on record.

### How much has Mylo raised?

Mylo has raised $40M across 3 rounds since 2019.

### When did Mylo last raise?

Mylo's most recent round was a Series B of $2.0M in Jul 2024.

### What was Mylo's biggest round?

Mylo's largest round on record is $28M (Series A), in Jan 2019.

### Who backed Mylo first?

Mylo's first round on record, in Jan 2019, was backed by Guggenheim Partners.

### What stage is Mylo at?

Mylo's latest named round is a Series B, in Jul 2024.

### Where is Mylo based?

Mylo is based in Canada.

### Who led Mylo's rounds?

National Bank of Canada led the Undisclosed round in 2019.

## Companies like Mylo

In the same sector, and raised in the last eighteen months.

[**Neo Financial** $182M · Oct 2026](https://millionrounds.com/company/neo-financial)[**Timia Capital** Aug 2026](https://millionrounds.com/company/timia-capital)[**Helcim** $59M · Aug 2026](https://millionrounds.com/company/helcim)[**Clearco** $200M · Aug 2026](https://millionrounds.com/company/clearco)[**Nesto** $302M · Jun 2026](https://millionrounds.com/company/nesto)[**Koho** $144M · Jun 2026](https://millionrounds.com/company/koho)

## Find investors like these

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